New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-05-14
PRICE THREE CENTS
ENORMOUS WHEAT CORNER.
HOLDINGS ESTIMATED AT 10000, 600
THE MYSTERIOUS AND POWERFUL CLIQUE THAT rs
NOW PUZZLING TILE RxCHANGEA

NOW PUZZLING THE EXCHANGES
CHICAGO. May IL lSpecial.-The orders which
arc received by the brokers who arc employed I'M
the big wheat deal which IS now on at Chicago,
all come signed Nelson and start from Cincin-
natl Tbs is one Of the few secrets which iaye
leaked out about this clique which now has
bought not less than 40, 900 900 bushels of wheat
at Chicago, and owns the wheat at St. Louis,
Toledo, New-Yorls and San Francisco, and probaly
half the wheat at Liverpool The secrecy with
which this huge manipulation Las been carried
on has been one of tie amazing things about it.
No such mystery was ever preserved for ninety
days around o transaction that involved probably
sSo'ooo'o0O, and that takes in perhaps a dozen
milnona1res. All the messages which are received
touching the deal come either to c. j. Kershaw
or to A. w. Green, and are sent in cipher Per-
haps joe Wiltshire, of Cincinnati, has had o
good deal to do with the manipulation. lie is
brother-n-law of Flagler, the Treasurer of the
Standard Oil Company. 1t is known to cer-
tainty that the Nevada Bank crowd, certain Of
tho Standard Oil men. and one or two rich Gin
cinnatians are in tho clique
There was tact erstanding of some sort
between the Galveston clique in George G. Walker
& Co.'s office. and the biz California Standard
Oil crowd. The cordality, however, between
the two interests disturbed the other day
when Walker Co. sold out the Galveston
wheat. There clique wheat held in W Wal.ker g.
Co.'S office, too There was big order from "Nel-
son" to buy at S. and there was some astOnishment
when it met that heavy selling of Balveston wheat
Walker g. Co. were asked for an explanation,
and informed that they would be gwen just
twenty-four hours TO get that 800, 900 bushels
Of wheat back. The market was let alone for
Just twenty-four hours, but Walker g. Co. made
noiu,, Iv.nx. h lot. .stt.
was closed, and whatever wheat was there
transferred. When the twenty four hours gIaca
had ended the price went back from o514 10 SO
cents, and has been "pegged' there ever SINCE
There is no to believe that Armour is in
the wheat deal proper, but there is no reason TO
doubt that he is cOgnizant Of it, of what is TO be
accomplished, and Of how ii is to be run. This
is made Enthusiastically plain by certain of "Nel-
sons dispatches. Whoever he may be, this mys-
ferrous sender of dispatches from Cincinnati keeps
posted to what Mr. Armour is doing i'll cash
wheat. For instance, last week he telegraphed to
his brokers here that Armour would ship out a
certain quantity of Milwaukee grain. The only
inference is that the clique persuaded the big
Chicago packer to send his Duluth wheat to the
seaboard, his Milwaukee wheat in the same direc-
tion and to deliver his Chicago wheat into their
possession.
Nelson proposes grand master stroke this
month if his communications to be believed.
lie has been much worried Of late because he
could not get vessels in and out Of Duluth be-
cause OF the ice, and because ocean room could
not be got at New-Yorl<. If his arrangements can
be guessed they all mean that a vast quantity on
wheat is to be started out Of Duluth out Of Mil
wauxee Tolede New-York and perhaps Chicago
IN the same week. In the height of that enor-
nous movement the Chicago shorts arc to be given
some attention.
This is a wheat deal engineered by the richest
men in tho country, and they are being helped
by every possible natural influence The whead
fields are parched, myriad of flies and bugs ara
reporte ed and the demand for wheat from abroad
was never so big in the history 0. the trade ID
is estimated that the holdings Of the clique hero
are 40.0OO,O0O bushels If it were specified "
would be like this Cash wheat, 100000 BUSH
els May wheat changed to June, 9'oOooou
bushels: Juno wheat bought in April, 100000
bushels June wheat bought last week, lO,OOO,ood
bushels: June wheat bought this week. 100000
bushels Total. Al, 900 900 bushels.